Chinese public companies expect rising 3Q profits

SHANGHAI — More than half of China’s listed companies have published preliminary financial results for the first nine months of the year, with the majority of them expecting better profits.

So far, 1,702 of China’s 2,800 companies listed in Shanghai and Shenzhen have announced preliminary financial estimates for the Jan-Sept period. More than 58 percent said their profits increased in the last nine months.

Among the top ten gainers, seven were in the manufacturing sector, according to market information provider Eastmoney.